|
archived news blog
February 2012 (16)
January 2012 (44)
December 2011 (33)
November 2011 (47)
October 2011 (42)
September 2011 (43)
August 2011 (47)
July 2011 (44)
Emergency Budget 2010: CGT increases but not for all. Pearson May News Update - Tuesday 22 June
- Emergency Budget 2010: tough measures for tough times
- Emergency Budget 2010: support for businesses
- Emergency Budget 2010: the environment
- Emergency Budget 2010: companies see corporation tax reduction
- Emergency Budget 2010: millions get income tax break
- Emergency Budget 2010: employers get national insurance boost
- Emergency Budget 2010: pensions to be subject of reviews
- Emergency Budget 2010: Speech headlines
Emergency Budget 2010: CGT increases but not for all
The six-week long debate over the exact nature of the coalition government's commitment to a hike in capital gains tax is finally over.
The rate has gone up but not for everyone and not by as much as earlier statements suggested, matching higher income tax brackets.
As from 23 June, there are two CGT rates on gains made on the sale of assets.
The CGT for low and middle income earners stays at 18 per cent, but for top rate taxpayers it rises to 28 per cent.
Tapering and indexation had been considered possible options for the Chancellor as he sought to soften the impact of the rise on smaller investors and savers, but he rejected both in order not to overcomplicate the regime.
The annual exemption holds at £10,100, rising by inflation over the years.
The lifetime limit at which entrepreneurs qualify for a reduced charge of 10 per cent on the sales of assets has been extended to £5 million, up from the previous £2 million.
Business General
This section contains a host of advice and information on a range of business matters, from insuring your
business to dealing with employee absence. Simply visit the topics listed below for further information,
ideas, tips and strategies on how to take your business forward.
Click here for more information
See What's On Our Site
Our site also contains:
- A huge database of business information
- Your portal to the web with our powerful search facilities and Links section
Home | Contact Us | Recruitment | Services | News | Knowledge Centre | International
About Us | Companies House Search | Links | Search | Register | Logout
Terms
and Conditions
Technical Problems - email service@pearsonmay.co.uk
Copyright © 2009 Pearson May. All rights reserved.